Polish Manufacturing Activity Expands In November

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Tuesday, Markit Economics reported that the Poland HSBC Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 52.4 in November, up from 48.8 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. This marks the highest PMI reading recorded since March 2008, and ends a downturn in the manufacturing sector that lasted a year-and-a-half.

Manufacturing output grew for the fourth straight month in November, and the rate of growth accelerated to a twenty-eight month high. Respondents attributed the rise in output to a greater inflow of new orders. Growth strengthened across both the domestic and export markets during the month.

Employment levels continued to drop in the manufacturing sector, although the rate of job losses slowed sharply during the month to the weakest in the current nineteen-month period of decline. Further, input prices faced by manufacturers grew at their fastest rate since August 2008, while output prices were raised for the first time in fourteen months.

Tuesday, Markit Economics reported that the Poland HSBC Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 52.4 in November, up from 48.8 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. This marks the highest PMI reading recorded since March 2008, and ends a downturn in the manufacturing sector that lasted a year-and-a-half. (Market News Provided by RTTNews)